I’ve put together a fast-paced three-minute video that reveals the surprising secret to having a financially-stress free life.
Click the play button to watch it and tell us what you think in the comments box below…
Would you like to find out how you could have a rock-solid financial foundation and build wealth without the risk of traditional investments?
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Pamela,
I’m coming up on my first year anniversary of my BOY policy and am pleased with how things are going so far. I noticed a cautionary note: “excess loans can terminate a policy” in the video. Could you explain what that means – exactly?
Thanks,
Joe
Hi Joe,
A good question. As long as you continue to pay the premium and any loan interest due, the policy will not lapse.
At some point, some policy owners take their policy “reduced paid up” which means no more premiums are due. In that case, all it takes to keep the policy in force is to pay the loan interest.
Your policy dividends can also be used to pay loan interest.
If you’re ever in doubt, just contact your Bank On Yourself Professional.
And congrats for starting to Bank On Yourself!
Pamela
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[…] 3. Eliminate Debt to Outside Financial Institutions Debt is deadly to many relationships. A top priority should be to reduce and eliminate debt to banks and credit card companies. Make spending decisions consciously. Build an emergency fund that can help you weather life’s emergencies. For tips on creating a rainy day fund, including how much to set aside, see the video, The Secret to a Financially Stress-Free Life. […]
[…] |aaee62cdcb58c6873e1281157de1d773| Debt is deadly to many relationships. A top priority should be to reduce and eliminate debt to banks and credit card companies. Make spending decisions consciously. Build an emergency fund that can help you weather life's emergencies. For tips on creating a rainy day fund, including how much to set aside, see the video, The Secret to a Financially Stress-Free Life. […]
this policy is better than i could ever have thought. i know i mayby repeating an often heard saying but this comes from the bottom of my heart. i wish i knew about this when i was in my 20’s .am trying to get my son (28 yrs old) started ,but i didnt realize i still needed to use child phsycoligy on him, i am trying to hook him up with alan eckstrand (conneticut). this policy is great(i use this policy often) thanks doug
Thanks for this feedback, Doug- I am so happy to hear this! You are in terrific hands with Alan Eckstrand- one of the most experience and caring Bank On Yourself Professionals in the country.